New Delhi, June 29 (IANS) Public sector banks on Monday presented dividend cheques worth more than Rs 9,400 crore to Union Finance Minister Nirmala Sitharaman for the financial year 2025-26.Among the lenders, Bank of Baroda handed over a dividend cheque of Rs 2,811 crore to the Finance Minister for the financial year ended March 31, 2026. The cheque was presented by the bank’s Managing Director and Chief Executive Officer, Dr. Debadatta Chand, in the presence of Department of Financial Service…
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Ahmedabad, June 22 (IANS) A 26-year-old software engineer from Bihar has been arrested by Ahmedabad Cyber Crime Branch for allegedly helping operate an online forex and cryptocurrency trading platform that investigators say cheated investors by displaying fake profits and withholding both returns and principal investments.The arrest was made during an investigation into a complaint filed by an Ahmedabad resident who alleged that he had been defrauded of Rs 19.07 lakh after investing through WinP…
Mumbai, June 21 (IANS) The CBI conducted searches at multiple premises linked to the partners of a Mumbai-based firm over a loan fraud that caused a loss of Rs 62.42 crore to Indian Bank, an official said on Sunday. The searches were conducted in Mumbai and other locations pursuant to search warrants issued by the Special CBI Court here, said the federal probe agency.During the searches, incriminating documents relevant to the investigation were recovered and seized, the Central Bureau of Invest…
New Delhi, June 10 (IANS) The Supreme Court has set aside the auction sale of a mortgaged property conducted by Indian Bank in 2010, holding that the sale was vitiated due to non-compliance with mandatory provisions of the Security Interest (Enforcement) Rules, 2002, and granted the legal heir of the deceased guarantor a one-time opportunity to redeem the property. A Bench of Justices Dipankar Datta and AG Masih allowed in part an appeal filed by M.R. Vasumathi, daughter of deceased guarantor G….
New Delhi, June 5 (IANS) The Reserve Bank of India’s (RBI) decision to keep policy repo rate unchanged focuses on preserving financial stability and will keep growth prospects intact in the long term, economists and industry leaders said on Friday.Dr Ranjeet Mehta, CEO and Secretary General, PHDCCI, said the policy decision reflects a balanced view of upside risks facing the economy. While external uncertainties have increased, RBI’s move created a conducive environment to keep medium to long …
New Delhi, June 2 (IANS) State-owned Canara Bank has approved a plan to raise up to Rs 8,500 crore through debt instruments during FY27 as the lender looks to strengthen its capital base and support future business growth.In an exchange filing, the public-sector bank said its board had approved raising up to Rs 4,500 crore through Basel III-compliant Additional Tier I (AT1) bonds and up to Rs 4,000 crore through Basel III-compliant Tier II bonds.The fundraising will be carried out during FY27, s…
New Delhi, May 28 (IANS) Union Education Minister Dharmendra Pradhan on Thursday chaired a high-level review meeting at the Central Board of Secondary Education (CBSE) headquarters in New Delhi to review issues related to the evaluation and post-result processes of Class 12 examinations. During the meeting, the Minister directed officials to take all necessary measures to resolve the issues faced by students in a timely, transparent, and amicable manner, according to a statement from the Ministr…
New Delhi, May 28 (IANS) Student organisation Krantikari Yuva Sangathan (KYS) on Thursday condemned what it described as technical failures and evaluation-related discrepancies in the On-Screen Marking (OSM) evaluation system introduced by the CBSE this year.In a statement issued by KYS Delhi State Committee Member Bhim Kumar, the organisation demanded an independent and transparent investigation into the CBSE’s evaluation crisis.Meanwhile, Union Education Minister Dharmendra Pradhan chaired a h…
New Delhi, May 28 (IANS) Amid the controversy surrounding the CBSE’s On-Screen Marking (OSM) system, Union Education Minister Dharmendra Pradhan on Thursday assured that strict action would be taken if any deliberate negligence or wrongdoing was found in the process. He also criticised the Leader of Opposition in the Lok Sabha, Rahul Gandhi, saying the Congress leader was acting out of frustration following repeated electoral defeats. Speaking to reporters in Delhi, Pradhan said the Central Bo…
New Delhi, May 24 (IANS) Union Education Minister Dharmendra Pradhan on Sunday spoke with the Union Finance Minister Nirmala Sitharaman in view of the payment-related issues being faced by students during the Central Board of Secondary Education (CBSE) post-result and re-evaluation process and both agreed to involve State Bank of India (SBI) and three other Public Sector Banks (PSBs) to weed out glitches. During the discussion, it was decided that four PSBs — SBI, Bank of Baroda, Canara Bank an…